Strategic Asset Management – A Framework For Consistent, Repeatable, and Transparent Decision-Making

To meet your company’s goals You must be aware of the assets within your company and how they interact. Strategic asset management provides a framework for consistent, repeatable, and transparent decision-making and actions based on a thorough analysis of benefits, costs, and risks throughout the lifecycle of physical assets. Find functional interdependencies that can be prioritized for improve deal management with vdr preventive maintenance and decrease the amount of downtime that is not planned and the cost of repairs. Maximize value by determining an optimal balance of performance, cost and risk across your entire infrastructure portfolio.

The strategic asset management program is a set of documents, digital tools, and processes that are comprehensive and precise. It connects investments in physical infrastructure to the organization’s goals. It starts with an in-depth, top-down assessment of long-term investments for physical infrastructure. This includes balancing capital expenditures and operational expenses from a TOTEX standpoint using asset condition data, and taking the current levels of service and local demands into consideration.

The process can also be used to inform the planning of resource resources, staffing and upgrade or replacement plans with the correct information. It can also be used to reduce work orders, thus cutting down time and increasing the efficiency of your operations team.

The method can also be used to create an asset plan that maximizes utilization to meet sustainability goals. This can be achieved by load balance, asset sharing, or redeployment strategies. It could also involve the implementation of new or reevaluating existing contracts with contractors or suppliers to improve environmental and energy performance.